Business News
Business news to help you keep track of the latest developments and identify new opportunities across key sectors in Southeast Asia
Monthly Business News to Help You Understand the Market
Apple Supplier BOE Technology Invests in Vietnam
BOE Technology Group, a Chinese display maker and a supplier to both Apple Inc and Samsung Electronics, intends to invest up to USD 400 million to develop two factories in ...
Thailand Inaugurates First Digital Free Trade Hub
Thailand has inaugurated its first digital free trade hub as part of a collaboration with Alibaba aimed at enhancing the logistics and e-commerce sectors. The hub is a free ...
EOTECH to Supply Holographic Weapon Sights to Indonesian Army
Known as the Tentara Nasional Indonesia (TNI), the Indonesian Military has selected American company EOTECH’s Holographic Weapon Sight (HWS) and magnifier for use by the ...
PAAB allocates MYR 1 Billion for Water Piping System
Pengurusan Aset Air Bhd (PAAB) allocates approximately MYR 1 billion each year to maintain and upgrade water piping systems throughout Peninsular Malaysia, according to Abdul ...
Singapore Ideal for Startups and Venture Capital in Asia
Looking ahead at Singapore's economy for 2023, there is a reason for optimism in the tech startup scene, especially for early-stage, deep tech companies and investors. While ...
French Company Chooses Thailand for its Second Biobased Organic Acids Plant
AFYREN, a French greentech company that offers manufacturers bio-based, low-carbon ingredients produced using unique fermentation technology based on a completely circular ...
General Atlantic Invests in Indonesian Dairy Company
US private equity firm General Atlantic has invested USD 130 million in PT Cisarua Mountain Dairy Tbk, an Indonesian dairy and food products company. Cimory has been in ...
HCMC Seaport System Requires More Effective Mechanisms
The investment in the USD 6 billion international transshipment port in Ho Chi Minh City (HCMC) is said to be confirmed while waiting for the Ministry of Planning and ...
Gov’t Reveals 2023 Priorities for the Power Sector
The Philippine Department of Energy (DOE) has unveiled its key priorities for 2023, top of which is pursuing contingency measures and activities to ensure energy supply ...
Thailand to Launch Its First Satellite as Part of Cooperation with the UK
Thailand’s first satellite for earth exploration is being prepared for a launch scheduled for early 2023. It was recently reported that the Theos-2 satellite is currently ...
Davao City Builds Its Second Public Hospital
The Davao City government in partnership with University of the Philippines (UP) is building the Davao City Public Hospital (DCPH) which is targeted to operate in three years ...
The Philippines Set be the Fastest Growing Economy in ASEAN
The Philippines is seen emerging as the fastest growing economy among member countries of the Association of Southeast Asian Nations (ASEAN) over the next two years according ...
Unilever to Open in the Philippines Its Largest Personal Care Factory Globally
Unilever, one of the largest retails/FMCG companies in the world, recently announced that it will expand its personal care factory in the Philippines. The project will cost ...
The Philippines to Allow 100% Foreign Ownership in Renewable Energy
In a landmark move to increase the power generation capacity and make the Philippines less reliant on imported fuels, the country's Department of Energy (DOE) has recently ...
Coca-Cola Philippines to Expand 100% Recycled Plastic Packaging
Coca-Cola Philippines recently announced that it will transition its key brands Coca-Cola Original Taste and Wilkins Pure to 100% recycled PET plastic packaging (excluding ...
GSK Opens First High-Potency Facility in Singapore for Cancer Treatment Drugs
British multinational pharmaceutical and biotechnology company GlaxoSmithKline (GSK) has announced the opening of a new SGD 44 million (USD 33 million) high potency facility ...
Oshkosh Defense Inks Teaming Deal with Sovereign Strategic for AMV tender
US-based defense industry giant Oshkosh Defense has signed teaming agreements with Malaysian defense company Sovereign Strategic to jointly participate in the upcoming tender ...
French Semiconductor Material Company to Double Production Capacity in Singapore
Soitec, a French company leader in the design and production of innovative semiconductor materials, just broke ground on the construction of its wafer fab extension at ...
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